Friday, February 4, 2011

Forex news market:Market tuned to a strong employment report

Thursday would be a really brutal for the forex market, the euro significantly adjusted in response to the ECB press conference, and later to spur further growth of non-production ISM. As a result, U.S. dollar index was adjusted upward by 1%, which questioned the stability of the dollar's downtrend since early January. Of course, now everything revolves around a report on U.S. employment. While economists in a survey, on average, expect job growth to 146,000, after all indicators from this survey were stronger than expected. It was noted in the report from ADP, as well as in both studies from the ISM in the week. So wait strengths of data (about 200,000) and get ready.


Translate this page

Search This Blog